UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

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UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

Bank of England executive says creeping sense of complacency and lack of data is putting lenders at riskUK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of England has warned.In a speech on Tuesday, Rebecca Jackson, a senior executive at the central bank, said there was a “creeping sense of complacency” among lenders, who – despi…